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HEAT2VALUE SIGNED

Increased energy efficiency, flexibility and reduction of green-house gases using thermal battery

Total Cost €

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EC-Contrib. €

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Partnership

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 HEAT2VALUE project word cloud

Explore the words cloud of the HEAT2VALUE project. It provides you a very rough idea of what is the project "HEAT2VALUE" about.

flexibility    plant    energy    romania    industrial    trust    steam    overlooked    fuel    local    norway    republic    co2    savings    services    market    heating    prefabrication    dnv    prof    ghg    form    mechanics    modules    plants    emit    million    district    manufacturing    unlocks    industries    innovation    breakthrough    netherlands    largely    emissions    demand    hence    recovered    2011    cumulative    2020    efficiency    irrs    gl    grade    otherwise    storing    czech    stored    founded    2040    germany    discharged    energynest    fabrication    ntnu    relies    spain    electricity    40    professor    reducing    patented    combustion    solution    customers    battery    sectors    chain    storage    500    medium    president    environmental    tons    p    establishing    vast    billion    quantities    kiln    temperature    performance    types    business    thermal    cooling    heat    expert    familiarize    structural    steel    supply    bergan    formerly    consumption    waste    aring    activate    power    senior    demonstration    intensive    renowned    vice    benefits    engineering   

Project "HEAT2VALUE" data sheet

The following table provides information about the project.

Coordinator		 ENERGYNEST AS 

Organization address
address: OLAV BRUNBORGS VEI 6
city: BILLINGSTAD
postcode: 1396
website: n.a.

contact info
title: n.a.
name: n.a.
surname: n.a.
function: n.a.
email: n.a.
telephone: n.a.
fax: n.a.
 Coordinator Country Norway [NO]
 Total cost 2˙050˙500 €
 EC max contribution 1˙435˙350 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-2
 Funding Scheme SME-2
 Starting year 2019
 Duration (year-month-day) from 2019-12-01   to  2021-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    ENERGYNEST AS NO (BILLINGSTAD) coordinator 1˙435˙350.00

Map

 Project objective

EnergyNest has developed a breakthrough Thermal Battery solution that enables a step-change in improved efficiency, flexibility, and environmental performance for the power and industrial manufacturing sectors. By storing energy in the form of heat rather than electricity our technology unlocks a vast new market that has so far been largely overlooked. Energy-intensive industries and several types of thermal power plants emit large quantities of high-temperature heat. Recovered, stored and discharged upon demand high-grade heat can be used to produce high-value energy in the form of electricity, process steam/heat, district heating and even cooling which would otherwise have to be produced from fuel combustion, hence reducing fuel consumption and GHG emissions. The potential cumulative CO2 savings for these sectors is greater than 500 million tons between 2020-2040. Our solution offer strong business cases with IRRs in the range of 20–40% in a market estimated to be greater than 7 billion € per year in Europe.

The objective of this project is to demonstrate the EnergyNest Thermal Battery system at a plant where waste-heat from a kiln will be recovered, stored and used to supply steam, thus reducing fuel consumption within the plant. The demonstration will familiarize our future customers to the Thermal Battery, establishing trust in its performance, benefits and our capabilities. The Thermal Battery innovation relies on a patented system design using an unique concrete-like storage medium. The project will activate an European supply chain, with steel fabrication in The Czech Republic/Romania, concrete fabrication in Germany, prefabrication of Thermal Battery Modules in the Netherlands, and local engineering services in Norway and Spain.

EnergyNest was founded in 2011 by prof. Pål Bergan, a renowned structural mechanics expert formerly professor at NTNU and Senior Vice President at DNV GL.

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The information about "HEAT2VALUE" are provided by the European Opendata Portal: CORDIS opendata.

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